双轨制银行竞争与银行财务绩效:来自效率调整市场力量的证据

IF 0.7 Q3 ECONOMICS
M. A. Khattak, Mohsin Ali, Noureen A. Khan
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引用次数: 0

摘要

目的-本文考察了2008-2020年银行竞争对马来西亚财务业绩的影响。本文通过考察银行的利润和风险来考察银行的市场竞争与财务绩效之间的关系。此外,本研究还考察了伊斯兰银行之间的联系是否有所不同。方法:该研究将马来西亚作为样本国家,并采用2008-2020年的数据。为了解决遗漏的变量偏差,使用两步GMM模型避免了同时性和内生性。研究结果-我们的研究结果表明,更多的竞争激励银行业投资于风险企业,以抵消收入损失。此外,今天的银行业仍然基于基本的银行业务,如发放贷款(或在伊斯兰银行融资)、吸收存款和管理支付系统。由于我们的研究结果表明竞争对银行的财务业绩有负面影响,我们认为竞争降低了银行的利润,并导致了更大的风险。建议监管机构和政策制定者在银行业控制竞争方面发展金融基础设施,并鼓励银行有效地实现业务多样化。我们发现传统银行和伊斯兰银行之间的关联没有显著差异。原创性-本研究首次使用效率调整的勒纳指数来检验银行竞争对发达双重银行体系财务绩效的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Competition and banks' financial performance in dual banking: Evidence from efficiency-adjusted market power
Purpose ― This paper examines banking competition's effect on Malaysia's financial performance from 2008–2020. This study investigates the relationship between banks' market competition and financial performance by examining banks' profits and risks. Further, this current study examines whether the association differs for Islamic banks. Methods ― The research studies Malaysia as a sample country and employs a data span from 2008-2020. In order to address omitted variable bias, simultaneity and endogeneity are avoided using a two-step GMM model. Findings ― Our results recommend that more competition inspires the banking sector to invest in risky ventures to offset the losses in revenues. Moreover, banking today is still based on basic banking operations like granting loans (or financing in Islamic banks), collecting deposits, and managing payment systems. Implication ― Since our findings show a negative effect of competition on the bank's financial performance, we suggest that competition lowers banks' profits and results in greater risk. It is suggested that regulators and policymakers develop the financial infrastructure in terms of controlled competition in banking and encourage banks to diversify their operations efficiently. We find no significant difference in the association between conventional and Islamic banking. Originality ― This research is the first to examine the effect of bank competition on the financial performance of a developed dual banking system using the efficiency-adjusted Lerner index.
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